Applying for Fixed and Individual Protection 2016

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HM Revenue & Customs (HMRC) has introduced a new online self-service for pension scheme members to apply for individual protection 2016 or fixed protection 2016.
 
There is no application deadline for IP2016 or FP2016 (although to apply for IP2016 you will need to inform HMRC of the value of your pension savings on 5 April 2016 and your pension administrator is only obliged to provide you with this information up to 5 April 2020), however, you must apply before you take your retirement benefits as you will need to provide the HMRC reference number to your pension fund administrator if you want to rely on the protection. Once you have successfully applied for protection the online service will provide you with a reference number which you will need to keep.